Elberta, Utah Property Taxes
The median property tax rate in Elberta, Utah is 0.55%, which aligns with the state median but is significantly lower than the national median of 0.99%. With a median home value of $369,250, the typical annual property tax bill in Elberta amounts to $2,035, which is below the national median of $2,690. Property taxes in Elberta are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. By understanding Elberta's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Elberta or another part of Utah County, gaining a thorough understanding of the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Elberta, Utah Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,031
Ownwell’s Elberta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elberta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elberta to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Elberta, Utah
Property taxes in Elberta, Utah, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Elberta is 0.55%, which is lower than both the Utah state median and the U.S. national median of 0.99%. Local government entities within Elberta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elberta estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Elberta's effective property tax rate to other areas in Utah County and the national median. For comparison, the zip code 84626 has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these areas compare with Elberta provides valuable insights into the varying tax landscape across Utah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elberta Tax Rate
0.55%
Average Utah County Tax Rate
0.47%
Average Utah Tax Rate
0.55%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elberta, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84626 | 0.37% | 0.50% | 0.55% | 0.56% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Elberta, Utah
In Elberta, Utah, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Utah County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Elberta, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Elberta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Elberta is $369,250, with tax bills ranging from $1,466 at the 25th percentile to $4,189 at the 90th percentile. The highest and lowest median tax bills are both $2,035, found in the 84626 zip code.
Average Elberta Assessed Value
$369,250
Average Utah County Assessed Value
$478,000
Average Utah Assessed Value
$457,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elberta, Utah
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84626 | $235,250 | $276,950 | $369,250 | $537,600 | $1,334,990 |
Source: Ownwell
Property Tax Bills Across Elberta, Utah
In Elberta, Utah, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. The tax rate, applied to this assessed value, is influenced by various factors, including local government budgets, school funding, and infrastructure needs. For instance, the median home price in Elberta is $369,250. Homeowners typically see tax bills ranging from $1,466 at the 25th percentile to $2,824 at the 75th percentile, with the 90th percentile reaching up to $4,189. These tax bills can significantly impact homeowners, as they are a recurring expense that must be factored into annual budgets. Compared to the national median property tax rate of 0.99%, Elberta's rates can vary but generally reflect the local financial requirements and property values. Understanding these factors can help homeowners anticipate their tax liabilities and plan accordingly, ensuring they are prepared for these necessary expenses.
Average Elberta Tax Bill
$2,035
Average Utah County Tax Bill
$2,288
Average Utah Tax Bill
$2,492
Average United States Tax Bill
$2,690
Property Tax Bills Across Elberta, Utah
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 84626 | $1,140 | $1,466 | $2,035 | $2,824 | $4,189 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 15 |
| Tax Bill | |
| Issued | October 1 |
Links | |
|---|---|
| Utah Tax Assessor | |
| Phone | (801) 851-8109 |
| Website | www.utahcounty.gov |